«Breaking News» Banks cashing in on older customers who keep more money in current accounts that don't earn interest

Banks are cashing in on older customers who leave large sums in current accounts that pay little or no interest.

Customers of around 61 are the most lucrative current account holders for high street banks, says the City watchdog. 

They hold around £33,000 in their current account and £17,000 in a savings account, Financial Conduct Authority research shows. 

Banks are cashing in on older customers who leave large sums in current accounts that pay little or no interest. The next most lucrative customer is 39 and pays out in high overdraft charges [File photo]

Most current accounts offered by major banks such as Barclays, Halifax and HSBC are free to use if customers are in credit, but pay no interest.

Banks profit from their cash by using it to fund mortgages and loans, for which they charge far higher rates. 

They profit from eight in ten customers, says the FCA, which studied the UK's 73million accounts. 

The next most lucrative customer is 39 and pays out in high overdraft charges.

Customers of around 61 are the most lucrative current account holders for high street banks, says the City watchdog. They hold around £33,000 in their current account and £17,000 in a savings account, Financial Conduct Authority research shows [File photo]

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https://hienalouca.com/2019/01/14/banks-cashing-in-on-older-customers-who-keep-more-money-in-current-accounts-that-dont-earn-interest/
Main photo article Banks are cashing in on older customers who leave large sums in current accounts that pay little or no interest.
Customers of around 61 are the most lucrative current account holders for high street banks, says the City watchdog. 
They hold around £33,000 in their current account and £17,000 in a...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves Online news HienaLouca





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